Algonquin Power & Utilities Corp (TSE:AQN) – National Bank Financial raised their FY2016 EPS estimates for Algonquin Power & Utilities Corp in a report released on Sunday. National Bank Financial analyst R. Merer now forecasts that the firm will post earnings of $0.51 per share for the year, up from their previous forecast of $0.41. National Bank Financial also issued estimates for Algonquin Power & Utilities Corp’s Q4 2016 earnings at $0.09 EPS and FY2017 earnings at $0.54 EPS.

Other equities analysts have also recently issued research reports about the company. RBC Capital Markets boosted their price objective on Algonquin Power & Utilities Corp from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Monday, August 15th. Scotiabank boosted their price target on Algonquin Power & Utilities Corp from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Monday, August 15th. TD Securities boosted their price target on Algonquin Power & Utilities Corp from C$13.00 to C$13.50 and gave the company a “buy” rating in a research note on Monday, August 15th. Royal Bank Of Canada boosted their price target on Algonquin Power & Utilities Corp from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Monday, August 15th. Finally, Desjardins boosted their price target on Algonquin Power & Utilities Corp from C$14.25 to C$15.25 and gave the company a “buy” rating in a research note on Friday, September 9th. Nine research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of C$13.92.

Shares of Algonquin Power & Utilities Corp (TSE:AQN) opened at 10.73 on Wednesday. Algonquin Power & Utilities Corp has a 52 week low of $10.09 and a 52 week high of $12.45. The company has a market cap of $2.93 billion and a P/E ratio of 38.05. The firm’s 50-day moving average price is $11.45 and its 200 day moving average price is $11.76.

About Algonquin Power & Utilities Corp

Algonquin Power & Utilities Corp. (APUC) is a Canada-based company engaged in owning and operating a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. APUC’s operations are organized across three business units consisting of Generation, Transmission and Distribution.